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The document ceased to be valid since  August 10, 2018 according to Item 3 of Appendix No. 4 of the Order of the Government of the Republic of Moldova of July 11, 2018 No. 693

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of May 4, 1998 No. 484

About expenses on insurance of economic agents and physical persons who are engaged in business activity, permitted for deduction from entrepreneurial incomes, for the purpose of the taxation

(as amended on on July 30, 2010)

In pursuance of Article 24 parts (3) the Section II of the Tax code N1163 XIII of April 24, 1997. The government of the Republic of Moldova DECIDES:

1. Resolve deduction of the insurance premiums paid based on the insurance contracts signed according to provisions of the current legislation economic agents and, as necessary, the physical persons registered as entrepreneurs from income gained from business activity on the following types of insurance within:

1) compulsory insurance, namely:

a) car responsibility insurance which covers the damage caused as a result of use of the vehicle including responsibility of carriers;

b) insurance of the aviacivil responsibility which covers responsibility of carriers;

c) civil responsibility insurance at the sea, the lake, the river which covers responsibility of carriers;

d) civil responsibility insurance on the railroad which covers responsibility of carriers;

e) other classes of insurance for which the conclusion of obligatory insurance contracts is provided;

2) voluntary insurance, namely:

a) accidents insurance, including from labor accidents and occupational diseases;

b) the health care insurance (concluded in advantage of staff of the company);

c) the life insurance and annuities (concluded in advantage of staff of the company);

d) insurance of means of the land transport (except railway) which covers the damage caused to means of the land transport with the motor;

e) insurance of rail media which covers the damage caused to means of rail transport which is in movement or transports freight or passengers.

f) insurance of means of air transport which covers the damage caused to means of air transport;

g) insurance of sea, lake and river transport which covers the damage caused to them;

h) insurance of the transported property which covers the damage caused to freights, baggage and other transported property;

i) fire insurance and other natural disasters which covers the damage caused to property and the property (which is in property of the company) by the fire, explosion, storm, nuclear energy, landslide, other spontaneous phenomena except storm;

j) proprietary insurance which covers the damage caused to property and the property (which is in property of the company) when this damage is caused by hail, frosts or theft;

k) insurance of the common civil responsibility which covers damage from the harm done to the third parties as a result of operation of dangerous industrial facilities;

l) the insurance of the common civil responsibility concluded based on the Convention CMR of May 19, 1956 and the Convention TIR of November 14, 1975 which party the Republic of Moldova is since May 26, 1993;

m) other insurance of the common civil responsibility which covers damage from the harm done to the third parties during the using and operation of means of air transport and rail media.

3. It is excluded

4. In case of the types of insurance specified in h letters) - l) the subitem 2) of Item total 1, the size of the assignments permitted for deduction as expenses from business activity for the purpose of the taxation cannot exceed 3 (three) percent of the amount of the gross income gained from all sources including from operating, investing and financial activities.

5. For the conclusion of the types of insurance subsidized by the state, the size of the assignments permitted for deduction as expenses from business activity for the purpose of the taxation cannot exceed share of insurance premium which is subject to payment by the insurer (agricultural enterprise, the agricultural producer) according to the corresponding special laws.

 

Prime Minister of the Republic of Moldova

Ion Chubuk

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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